On today's show Joel and Dennis talk the downturn in JPM and the financial sector at large, review earnings from KORS, ADI and VRA and look at GE's slide down the top S&P components. Later the hosts welcome market educator and consultant Phil Davis who provides some colorful metaphors for a potential market downturn and offers a few of his favorite value picks.

Featured guest:

Phil Davis, Founder of Phil's Stock World (35:00)

Listen to PreMarket Prep and chat LIVE with our hosts, guests, and other listeners every weekday morning from 8-9 ET!

premarket.benzinga.com/pre-market-show/